Lessor

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

		Three Months Ended March 31,
	Location in Statements of (Loss) Income	2024		2023
Revenue from sales type leases	Sales	$	162	$	230
Interest income on lease receivables	Financing	42		52
Lease income - operating leases	Services, maintenance and rentals	41		40
Variable lease income	Services, maintenance and rentals	13		17
Total Lease income		$	258	$	339

Profit at lease commencement on sales-type leases was estimated to be $50 and $80 for the three months ended March 31, 2024 and 2023, respectively.

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

		Three Months Ended March 31,
	Location in Statements of (Loss) Income	2024		2023
Revenue from sales type leases	Sales	$	162	$	230
Interest income on lease receivables	Financing	42		52
Lease income - operating leases	Services, maintenance and rentals	41		40
Variable lease income	Services, maintenance and rentals	13		17
Total Lease income		$	258	$	339

Profit at lease commencement on sales-type leases was estimated to be $50 and $80 for the three months ended March 31, 2024 and 2023, respectively.